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J.P. Morgan's Sixth Human Capital Factor Report Highlights Persistent Alpha and Multi-Factor Performance
We are delighted to share that J.P. Morgan published their sixth research note on the Human Capital Factor® (HCF) – the data-driven measure of how a motivated, effective, and engaged workforce can meaningfully boost investment returns. Highlights include: Portfolios built around HCF-strong companies have outperformed the market by about 4 percent a year on average, with lower drawdowns and steadier long-term gains. High-scoring firms show faster earnings growth, better profi
Oct 31, 2025


New J.P. Morgan Report: US ‘Human Capital Factor’, Still Going Strong
This insightful new publication from Institutional Investor’s top quantitative research firm continues J.P. Morgan’s validation of the unique alpha and portfolio outperformance of the Human Capital Factor®. A few notable quotes from this latest report: “The HCI* exhibits a perfect track record for calendar year performance, outperforming the benchmark in every single year of our sample. While it only did so marginally in three years the overall performance record for this per
Dec 12, 2024


J.P. Morgan Issues Fourth HCF Research Note: '...What Drives Employees, Intrinsic or Extrinsic Factors?'
JP Morgan has released its fourth research note entitled “Human Capital Factor: What Drives Employees, Intrinsic or Extrinsic Factors?”
Aug 23, 2023


New Release from J.P. Morgan: ‘Measuring an Intangible Asset: The Human Capital Factor’
Previously, J.P. Morgan’s Quantitative Research Team published ‘ Creating an Innovation Culture Score Using Human Capital Factor Data’ (January 2022) and ‘ Introducing the Human Capital Factor’ (March 2021), each of which is a deep dive into our proprietary HCF data and research. These pieces represented two profound validations of our work by the financial research powerhouse within a year’s time. We are honored that the same J.P. Morgan team has now published another repor
Nov 18, 2022


J.P. Morgan Releases Additional Research On Irrational Capital’s Human Capital Factor
We’re thrilled to announce that J.P. Morgan’s Quantitative Research Team has published additional in-depth research on Irrational Capital’s Human Capital Factor in a recent research note entitled “ Creating an Innovation Culture Score Using Human Capital Factor Data ”. This is J.P. Morgan’s second report in less than a year on Irrational Capital’s work and serves as a natural expansion of its “ Introducing the Human Capital Factor ” report published in March 2021. This i
Jan 21, 2022


J.P. Morgan Publishes Research on Irrational Capital's Human Capital Factor
We’re honored to announce that J.P. Morgan has published a very favorable research report based on Irrational Capital’s Human Capital Factor . As you may have seen, J.P. Morgan was recently named “ The Research Firm That Won 2020 ” as the year’s Top Global Research Firm by Institutional Investor . Even setting aside these well-deserved accolades, we are thrilled to collaborate with such an incredible team on a topic that is so important to us and others. This report, enti
Dec 20, 2021
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